Independent Auditors Report

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1 United Way of Central and Northern Vancouver Island Financial Statement

2 Contents For the year ended Page Independent Auditors' Report Financial Statement Statement of Revenue and Expenditures... 1 Notes to the Financial Statement... 2 Schedule 1: Schedule of Revenue and Expenditures by for the year ended... 3 Schedule 2: Schedule of Revenue and Expenditures by for the 27-month period ended... 4

3 Independent Auditors Report To Human Resources and Skills Development Canada Nanaimo, B.C. We have audited the accompanying statement of revenue and expenditures, and related schedules, of the for the year ended and the 27 month period ended, and a summary of significant accounting policies and other explanatory information. The statement has been prepared by management based on the financial reporting provisions of Schedule B Section 10.1(1) of agreement # dated November 25, 2011, Schedule B Section 10.1(1) of agreement # dated December 12, 2012 and Schedule B Section 43.1(1) of agreement # dated December 27, 2012 between United Way Central and Northern Vancouver Island and Human Resources and Skills Development Canada ( the agreements ). Management s Responsibility for the Financial Statement Management is responsible for the preparation of this statement in accordance with the financial reporting provisions of the agreements, and for such internal control as management determines is necessary to enable the preparation of a statement that is free from material misstatement, whether due to fraud or error. Auditors Responsibility Our responsibility is to express an opinion on this statement based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statement is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the statement. The procedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity s preparation and fair presentation of the statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates, if any, made by management, as well as evaluating the overall presentation of the statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the statement of revenue and expenditures of the for the year ended and the 27 month period ended is prepared, in all material respects, in accordance with the financial reporting provisions of Schedule B Section 10.1(1) and Schedule B Section 43.1(1) of the agreements. Basis of Accounting and Restriction on Distribution and Use Without modifying our opinion, we draw attention to Note 1 to the statement, which describes the basis of accounting. The statement is prepared to assist the to comply with the financial reporting provisions of the agreements referred to above. As a result, the statement may not be suitable for another purpose. Our report is intended solely for the and Human Resources and Skills Development Canada and should not be distributed to or used by parties other than the and Human Resources and Skills Development Canada. Nanaimo, British Columbia July 24, 2014 Chartered Accountants 96 Wallace Street, Nanaimo, British Columbia, V9R 0E2, Phone: (250)

4 Statement of Revenue and Expenditures For the year ended For the 27-month period ended Revenue Human Resources and Skills Development Canada 560, ,709 Interest , ,766 Project management costs Staff wages 45,590 85,306 Professional fees 5,638 8,660 Travel Capital assets (Note 2) - 1,242 Other activity-related costs Administrative costs 10,841 16,481 Organizational infrastructure costs 3,639 4,537 66, ,178 Sub-project costs Nanaimo Region John Howard Society 151, ,164 Nanaimo Women s Resource Centre 108, ,658 Island Crisis Care Society 22,287 44,299 First Unitarian Fellowship of Nanaimo 46,004 88,259 Community Plan Consultant 10,000 10,000 Hiiye yu Lelum Society 77,907 77,907 Tillicum Lelum Aboriginal Society 111, , , ,545 Total expenditures 593, ,723 Excess (deficit) of revenue over expenditures (32,805) 43 Opening Surplus 32,848 - Ending surplus

5 Notes to the Financial Statement 1. Significant accounting policies The statement of revenue and expenditures is prepared in compliance with the reporting standards set by Schedule B Section 10.1(1) of agreement # dated November 25, 2011, Schedule B Section 10.1(1) of agreement # dated December 12, 2012 and Schedule B Section 43.1(1) of agreement # dated December 27, 2012 between United Way of Central and Northern Vancouver Island and the Human Resources and Skills Development Canada. Revenue and expenditures Revenue received from Human Resources and Skills Development Canada is recognized as it is described in the approved work plan for the fiscal year. Revenue from all other sources is recognized when received. Expenditures include amounts claimed in relation to the various Eligible Expenditure categories shown in the approved work plan and are recognized when a claim is made. Capital assets Capital assets are expensed as they are leased or purchased. 2. Capital assets Description Purchase Date Serial Number For the year ended March 31, 2014 For the 27 month period ended Computer equipment HP G7-1260CA Laptop February 15, Laptop case February 22, 2012 N/A - 84 Desktop printer February 17, 2012 SHREL 1801V - 48 USB storage device February 17, 2012 N/A - 34 Computer software Sage Simply Accounting March 5, P2U ,242 2

6 Schedule 1: Schedule of Revenue and Expenditures by For the year ended For the year ended March 31, 2014 Revenue Human Resources and Skills Development Canada 351, ,732 85, ,745 Interest ,575 3,458 85, ,775 Project management costs Staff wages 33,643 7,168 4,779 45,590 Professional fees 2,538 1,550 1,550 5,638 Travel Other activity-related costs Administrative costs 8,062 1,440 1,339 10,841 Organizational infrastructure costs - 2, ,639 44,243 13,443 8,653 66,339 Sub-project costs Nanaimo Region John Howard Society 151, ,237 Nanaimo Women s Resource Centre 108, ,548 Island Crisis Care Society 22, ,287 First Unitarian Fellowship of Nanaimo 46, ,004 Community Plan Consultant 10, ,000 Hiiye yu Lelum Society ,907 77,907 Tillicum Lelum Aboriginal Society - 111, , , ,258 77, ,241 Total expenditures 382, ,701 86, ,580 Deficiency of revenue over expenditures (30,744) (969) (1,092) (32,805) Opening surplus 30, ,083 32,848 Ending surplus (deficit) 55 (3) (9) 43 3

7 Schedule 2: Schedule of Revenue and Expenditures by For the 27-month period ended For the 27-month period ended Revenue Human Resources and Skills Development Canada 730, ,190 88, ,709 Interest , ,190 88, ,766 Project management costs Staff wages 71,069 8,437 5,800 85,306 Professional fees 5,560 1,550 1,550 8,660 Travel Capital assets (Note 2) 1, ,242 Other activity-related costs Administrative costs 13,102 1,800 1,579 16,481 Organizational infrastructure costs - 3,535 1,002 4,537 91,018 15,935 10, ,178 Sub-project costs Nanaimo Region John Howard Society 290, ,164 Nanaimo Women s Resource Centre 206, ,658 Island Crisis Care Society 44, ,299 First Unitarian Fellowship of Nanaimo 88, ,259 Community Plan Consultant 10, ,000 Hiiye yu Lelum Society ,907 77,907 Tillicum Lelum Aboriginal Society - 111, , , ,258 77, ,545 Total expenditures 730, ,193 88, ,723 Excess (deficiency) of revenue over expenditures 55 (3) (9) 43 4

United Way of Central and Northern Vancouver Island Homelessness Partnering Strategy Financial Statement March 31, 2015

United Way of Central and Northern Vancouver Island Financial Statement March 31, 2015 Contents For the year ended March 31, 2015 Page Independent Auditors' Report Financial Statement Statement of Revenue